Do natural resources define convergence clubs? Empirical evidence from the Kazakh regions |
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Authors: | Daniel Frey Miriam Frey Carmen Wieslhuber |
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Institution: | 1. University of Hagen, Germany;2. Bayerische Beamten Lebensversicherung a.G. Germany;3. Institute for East and Southeast European Studies, Germany;4. University of Regensburg, Germany |
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Abstract: | This paper deals with the hypothesis that natural resources are important in forming convergence clubs. We check this hypothesis by applying a dependence and an endowment measure of natural resource abundance and a regression tree analysis. The results indicate that for the Kazakh regions natural resources do indeed play an important role in forming convergence clubs. It is further shown that natural resource endowment rather than resource dependence determines initial conditions and thereby convergence clubs. |
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Keywords: | Convergence clubs Natural resources Regression tree Kazakhstan |
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